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Refined oil products propel 27.4 pct YoY rise in March industrial turnover
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Central government debt drops to 400.52 bln in Q1 due to lower repos
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Greece braces for major inflation shock as Middle East standoff continues
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April primary surplus beats target thanks to improved taxes and contained spending
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Energy pushes import prices up by 11.4 pct YoY in Mar, highest since Dec 2022
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Car sales drop 4.6 pct YoY in Apr, up 3.3 pct in 4M
Inflation to persist, creating more economic policy challenges
It has become increasingly evident that the inflation clouds which started gathering above the Greek economy since June last year are not going anywhere soon as the authorities had hoped when they started announcing a series of support initiatives for households and businesses several months ago.
Although the final budget for 2022 was debated in Parliament in December, the Finance Ministry had not changed its inflation estimate for this year, which had a GDP deflator of 1 pct and a harmonized price index of 0.8 pct.
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